Maritime Ministries Inc
EIN: 541604155 · Elizabeth City, NC · NTEE: X99Z
| Metric | Value |
|---|---|
| Total Revenue | $213K |
| Total Expenses | $113K |
| Net Assets | $93K |
Is Maritime Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maritime Ministries Inc
Maritime Ministries Inc (EIN: 541604155) is a nonprofit organization based in Elizabeth City, NC, classified under NTEE code X99Z. The organization reported total revenue of $213K and total assets of $189K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maritime Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maritime Ministries Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $113K |
| Surplus / Deficit | $-16,434 |
| Total Assets | $111K |
| Total Liabilities | $18K |
| Net Assets | $93K |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Maritime Ministries Inc reported a deficit of $16K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maritime Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.8% | -48.7% | -9.8% |
| 2022 | +36.8% | +51.8% | -8.1% |
| 2021 | -39.1% | -1.6% | -26.3% |
| 2020 | +739.5% | +194.0% | +14.2% |
| 2019 | -28.4% | -13.9% | -16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maritime Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maritime Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.3%.
Frequently Asked Questions about Maritime Ministries Inc
Is Maritime Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maritime Ministries Inc (EIN: 541604155) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maritime Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Maritime Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Maritime Ministries Inc tax-deductible?
Maritime Ministries Inc is registered as a tax-exempt nonprofit (EIN: 541604155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maritime Ministries Inc located?
Maritime Ministries Inc is headquartered in Elizabeth City, North Carolina and files with the IRS under EIN 541604155. It is classified under NTEE code X99Z.
How many years of IRS 990 filings does Maritime Ministries Inc have?
Maritime Ministries Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $213K in total revenue.
Filing History
IRS 990 filing history for Maritime Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maritime Ministries Inc's revenue has declined by 35.9%, moving from $150K to $96K. Total assets decreased by 62.4% over the same period, from $294K to $111K. Total functional expenses fell by 0.8%, from $114K to $113K. In its most recent filing year (2023), Maritime Ministries Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $18K in liabilities against $111K in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $93K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $113K | $111K | $18K | — | View 990 |
| 2022 | $133K | $220K | $123K | $14K | — | View 990 |
| 2021 | $98K | $145K | $134K | $262 | — | View 990 |
| 2020 | $160K | $147K | $181K | $2K | — | — |
| 2019 | $19K | $50K | $159K | $3K | — | View 990 |
| 2018 | $27K | $58K | $191K | $1K | — | View 990 |
| 2017 | $27K | $48K | $249K | $0 | — | — |
| 2016 | $22K | $66K | $241K | $300 | — | View 990 |
| 2015 | $185K | $51K | $285K | $92 | — | View 990 |
| 2014 | $38K | $44K | $162K | $2K | — | View 990 |
| 2013 | $63K | $77K | $262K | $37K | — | View 990 |
| 2012 | $81K | $97K | $274K | $35K | — | View 990 |
| 2011 | $150K | $114K | $294K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $113K, and assets of $111K (revenue -27.8% year-over-year).
- 2022: Revenue of $133K, expenses of $220K, and assets of $123K (revenue +36.8% year-over-year).
- 2021: Revenue of $98K, expenses of $145K, and assets of $134K (revenue -39.1% year-over-year).
- 2020: Revenue of $160K, expenses of $147K, and assets of $181K (revenue +739.5% year-over-year).
- 2019: Revenue of $19K, expenses of $50K, and assets of $159K (revenue -28.4% year-over-year).
- 2018: Revenue of $27K, expenses of $58K, and assets of $191K (revenue -1.4% year-over-year).
- 2017: Revenue of $27K, expenses of $48K, and assets of $249K (revenue +20.3% year-over-year).
- 2016: Revenue of $22K, expenses of $66K, and assets of $241K (revenue -87.9% year-over-year).
- 2015: Revenue of $185K, expenses of $51K, and assets of $285K (revenue +389.3% year-over-year).
- 2014: Revenue of $38K, expenses of $44K, and assets of $162K (revenue -40.0% year-over-year).
- 2013: Revenue of $63K, expenses of $77K, and assets of $262K (revenue -21.9% year-over-year).
- 2012: Revenue of $81K, expenses of $97K, and assets of $274K (revenue -46.3% year-over-year).
- 2011: Revenue of $150K, expenses of $114K, and assets of $294K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maritime Ministries Inc:
Data Sources and Methodology
This transparency report for Maritime Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.